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Middlesex
92 Burroughs Rd
$475,000
● House - Off Market

92 Burroughs Rd

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,484 Ft²
$501,259
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

****** Sunday Open House Cancelled: Offer Accepted***** This 2 bedroom (Three Bedroom Potential) and 1-1/2 bath home is perfect for those looking to move to North Reading at a great price.  Outside you'll find a Brand new roof and beautiful outdoor deck with retractable awning that is perfect for entertaining. Located off of main street minutes away from Starbucks, Stop and Shop, and Orange Theory Fitness. All showings delayed until 1st open house.  All offers, if any, are due Monday at 5PM. Sellers reserve the right to accept an offer sooner.
Unit Size
1,484 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$286
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72799038)

Price History

Date / Event Date Event Price
Apr 29, 2021 Sold
Premium
Sold
Mar 16, 2021 Listed by Century 21 North East $424,900
Listed by Century 21 North East

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 6
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 798
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Total Building Area: 1,484
  • Gross Building Area: 2,282
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330200

Zoning

  • Zoning: RB

Geography

  • Parcel: NREA M:08-P:143
  • Municipality: NORTH READING
  • Latitude: 42.5915
  • Longitude: -71.1287

    Address

  • Full Address: 92 Burroughs Rd
  • Address - House Number: 92
  • Address - Street Name: Burroughs
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R001
  • 4-Digit Zip Code: 1103
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $669,501

    Appraisal Valuation

  • Standard Deviation: 0.0813
  • Valuation Date: Jun 23, 2021
  • Confidence Score: 93
  • Final Value: 421,516
  • High Value: 455,803
  • Low Value: 387,228

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $398,400
  • Assessed Land Value: $229,400
  • Assessed Improvements Value: $169,000
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72799038

Frequently Asked Questions

When was property at 92 Burroughs Road built and last sold?
The property at 92 Burroughs Road was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 92 Burroughs Road is $0.
What are some comparable homes to 92 Burroughs Road?
There are currently no comparable homes to 92 Burroughs Road.
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